Latest news with #RichardKallman
Bloomberg
23-05-2025
- Business
- Bloomberg
UBS Client Can't Sue Bank Over Broker's Alleged Affair With Wife
By and Benjamin Bain Save A UBS Group AG client, who alleges his wealth adviser had an affair with his wife and tried to help her take control of family funds, can sue the broker but not the Swiss firm, a New York judge ruled. Richard Kallman claims UBS failed to supervise Ira Walker as the managing director allegedly schemed with Kallman's wife to move the family's trust fund to the firm and then disburse hundreds and thousands of dollars from it. Kallman has said Walker inserted himself into the couple's divorce, demanding millions of dollars on the wife's behalf.
Bloomberg
19-03-2025
- Business
- Bloomberg
UBS Client Says His Wife Moved In With Their Wealth Adviser. It Got Messy
When Richard Kallman's 26-year marriage failed, he arrived at a meeting to hash out the separation, expecting to see his wife and her lawyer. But instead, the couple's new wealth manager from UBS Group AG showed up and demanded Kallman fork over $9 million. Almost two years later, that allegation is among several laid out in New York state court accusing Ira Walker, a managing director at UBS, of wreaking havoc on Kallman, the heir to a family of New York-area bookdealers.
